Cook gets 99.9% go-ahead for asset sale

Overwhelming majority of Thomas Cook shareholders approve sales

Approval has been given by the overwhelming majority of Thomas Cook’s shareholders for the struggling tour operator’s plan to sell part of its aircraft fleet and some Spanish hotels. A spokesperson confirmed to TTG that there was a 99.9% vote in favour of the sales.
The debt-laden company needed shareholder approval for the sale and leaseback of part of its aircraft fleet and the sale of five Spanish hotels. It warned that failure to gain this backing could ultimately end in bankruptcy for the tour operator.
TTG Digital
[pictured: Hotel Alia Palace, Pefkohori, Greece]

x

Check Also

Air Italy, Italy, flights, plans, Meridiana, Qatar Airways, rebrand, India, A350-1000, Alitalia

Qatar backs Italy’s “new national carrier”

Air Italy will take on Alitalia. Qatar Airways also takes the world’s first A350-1000 and reiterates India plans.

Finnair, USA, Juha Järvinen, San Francisco, Chicago, extend, seasonal, routes, flights, Helsinki, Slush, Minsk, Helsinki, Belavia

Finnair extends key US routes, opens Minsk

Persuaded by demand, Finnair is extending the operating period for two US routes this autumn.

Visit Pacific, islands, Malmo, expo, talks, event, trade, travel, tourism, New Zealand, Australia, Fiji, Malmo live

Visit Pacific fair set again for Sweden

The colourful travel fair in Malmö will attract public and trade for presentations, discussions, meetings.

Interbus, Sweden, biofuel, green, bus travel, fleet, rubbish, trash, Roger Mathiasson, environment, road, travel, carbon

Nordic bus firm: “Green fuel creates new business”

Interbus cuts its carbon footprint by 90% by running a 65-strong fleet on green fuel.

ITB Berlin, Germany, 2018, expo, stands, trends, exhibitors, visitors, Egypt, Turkey, luxury, tech, travel, tourism

What’s in focus at ITB Berlin this year?

Stands and events at this year’s fair reveal some key travel trends.

Monaco, tourism, travel, representation. Nordic. Scandinavia, Sweden, Denmark, Norway, luxury, environment, green, glam

Monaco hires new representation for Scandinavia

The principality's tourism public relations will be handled by Schaffelhuber Communications.